In its financial statements KRJ reported net income of $214 and an effective tax rate of 34%. Total assets at the beginning of the year was $3,049 and at the end of the year $3,979. The LIFO reserve at the beginning of the year was $272 and at the end of the year $251 million. Calculate the return on assets based solely on the as-reported data (i.e., disregarding the impact of LIFO). Present your answer in percentage terms, rounded to two decimal places, e.g., 20.00%.